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Sandra stopped working, and stopped contributing to the Canada Pension Plan, on her 65tg birthday. At age 65, she applied for and began to receive
Sandra stopped working, and stopped contributing to the Canada Pension Plan, on her 65tg birthday. At age 65, she applied for and began to receive her CPP retirement income. Her birthday falls on July 1st, 1951. She has worked in Canada since the age of 18. Her total adjusted pensionable earnings(TAPE) and her adjusted TAPE are $1,734,691.14 and $1,570,151.43 respectively.
A. What is her CPP retirement pension? SHOW YOUR WORK.
B.For how many months will she receive retroactive payments?
C. On January 1st, 2017, Sandra returened to the workforce for one year. She will earn an annual income of $30,000. What is her monthly PRB for 2018?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
7th Edition
0073530751, 9780073530758
